Overview
What is C T E C U?
CTECU, based in Houston, Texas, is a member-focused nonprofit organization that specializes in offering Home Mortgage loans and Refinanced Home loans at competitive market interest rates. Their services extend to providing low-cost 5-year Home Equity loans. With a mission to offer exceptional service, they strive to maximize returns on investments and provide responsive member services and education. In 2022, they facilitated four Home Mortgage and Home Equity loans totaling $610,236. This nonprofit's activities are centered around providing its members with beneficial financial opportunities, ensuring they receive competitive interest rates and excellent service. With a dedicated workforce of three individuals, CTECU continues to serve its members effectively in the real estate financing sector.
Official website here: www.ctecu.org
Is C T E C U legitimate?
C T E C U is a legitimate nonprofit organization registered as a 501(c)(14) entity. C T E C U submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $166,197
Professional Fundraising Fees: $0
Other Salaries and Wages: $113,412
For more financial information, click here
Official website here: www.ctecu.org
What is the mission statement of C T E C U?
CTECU's mission is centered around providing exceptional service, competitive interest rates, and sound financial management to its members. This is achieved through various strategies, including aggressive loan promotions, maximizing returns on investments, and offering responsive member services and education. The credit union strives to make home purchases more affordable for its members by offering Home Mortgage loans at competitive market interest rates. Additionally, CTECU offers low-cost 5-year Home Equity loans, contributing to the financial well-being of its members. In 2022, CTECU provided a total of $610,236 in Home Mortgage and Home Equity loans, demonstrating its commitment to member needs.
Official website here: www.ctecu.org
Who is the CEO of C T E C U?
Jocelyn Jackie Kapalski is the President/Ceo of C T E C U. The CEO's salary of C T E C U is $151,630 and their total compensation is $174,657.
Official website here: www.ctecu.org
What is the revenue of C T E C U?
C T E C U's revenue in 2022 was $452,540.
Official website here: www.ctecu.org
Who are the executives of C T E C U and what are their salaries?
The average compensation at C T E C U during 2022 was $93,203. There are 3 employees and 13 volunteers at C T E C U.
Here are 8 key members and their salaries (C T E C U's CEO's salary is $151,630 and their total compensation is $174,657):
- Compensation: $151,630
- Related: $0
- Other: $23,027
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.ctecu.org
Where can I find the form 990 for C T E C U?
C T E C U's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ctecu.org
Learn more at the official website: www.ctecu.org
Mission Statement of C T E C U
CTECU, short for Community Trust Employees Credit Union, is dedicated to serving its members with exceptional service, competitive interest rates, and sound financial management. This mission is executed through various strategies, such as offering aggressive loan promotions, maximizing returns on investments, and providing responsive member services and education. The credit union's primary focus is on home financing, providing Home Mortgage loans at market-competitive interest rates for the significant investment of purchasing a home. Furthermore, CTECU offers Home Equity loans at low costs, allowing members to leverage their home equity for various purposes. In 2022, the credit union facilitated four Home Mortgage and Home Equity loans, totaling $610,236. This activity underscores CTECU's commitment to delivering on its mission to its members.
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Impact
October, 2024
C T E C U significantly impacts the financial well-being of its members by providing exceptional service and competitive interest rates, particularly in the area of home financing. The organization plays a vital role in helping families secure home mortgage loans, which are essential for one of the most important purchases in their lives. With low-market interest rates on home mortgages and refinanced loans, CTECU enables members to achieve homeownership more affordably.
In addition to home mortgages, CTECU offers low-cost 5-year home equity loans, further enhancing members' financial flexibility. The results from 2022 reflect this commitment, with the disbursement of four loans totaling $610,236, supporting families in making sound financial decisions.
Through its aggressive loan promotions, maximization of investment returns, and responsive member education, CTECU fosters a supportive environment that empowers individuals and families to manage their finances effectively. The dedication to sound financial management not only improves the lives of its members but also contributes to the overall economic health of the Houston community.
This information is meant to be a general summary of C T E C U. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $180,032
- Program Service Revenue: $225,994
- Gross Receipts: $452,540
Assets and Liabilities:
- Total Assets: $25,500,038
- Total Liabilities: $20,676,740
- Net Assets: $4,823,298
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest on Loans
Revenue
$196,369
Fees and Charges
Revenue
$10,229
Miscellaneous
Revenue
$19,396
Organization Details
Founding Year
1952
Phone
(713) 432-0038Principal Officer
Jocelyn Jackie Kapalski
Main Address
3100 Wilcrest Suite 141, Houston, TX, 77042
Website
www.ctecu.orgNTEE Category
Code: W60 - Public benefit
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